UK - For decades, the UK’s membership of the EU has been a divisive issue for our politicians, and for many voters. Less visibly, however, it is also an issue that divides the British business community. [Written by John Longworth director-general of the British Chambers of Commerce.]
UK - The pro-EU campaign have been rattling through scare stories like there’s no tomorrow (raising the possibility that they fear there may indeed be no tomorrow for their pitch), so there’s a wide choice of contenders for this week’s prize. We could have chosen the idea that air fares might rise if we vote Leave, which was instantly debunked by Ryanair’s Michael O’Leary. Or the fears raised over trade, which were ably dismissed by Lord Howard this morning.
USA - There is a Storm Brewing In America this year, and Donald Trump Seems To Have The Answer. While Trump is increasing in popularity with each passing day, there may be something else at play that has the votes piling up. It may have less to do with his competence or incompetence, and more to do with the overwhelming disappointment people have with everything political over the past seven years.
UK - I’m sorry to break this to you but it looks as if we’ll have to endure not one but two EU referendum campaigns. The second one, by the way, will definitely end in a vote to stay in. The ‘exit’ campaign was last week cunningly taken over by Tories who don’t want to leave the Superstate and will use a vote to leave (if it happens) as the basis for yet another round of negotiations with Brussels.
USA - Barack Obama recently stated that anyone that is claiming that America’s economy is in decline is “peddling fiction“. Well, if the economy is in such great shape, why are major retailers shutting down hundreds of stores all over the country? Last month, I wrote about the “retail apocalypse” that is sweeping the nation, but since then it has gotten even worse. Closing stores has become the “hot new trend” in the retail world, and “space available” signs are going up in mall windows all over the United States.
UK - Former Bank of England Governor Lord Mervyn King has warned that the world is on the cusp of another crash because regulators’ have failed in their attempts to reform the financial system in the wake of the last crisis.
TURKEY - The February 21 front-page article “For Turkey, high stakes as troubles intensify” highlighted a critical development: The growing military alliance between Russia and Armenia is threatening Turkey, an indispensable US ally and partner in the fight against the Islamic State.
HAWAII - Despite not being in the headlines, Mauna Loa continues to be in a state of unrest based on seismic and deformation monitoring data. The USGS Hawaiian Volcano Observatory’s improved seismic network began to detect increasingly frequent, small earthquakes on Mauna Loa as early as 2013.
USA - Part of the training that LEOs (that acronym can reference law enforcement officers, or, as I call them, legally entitled to oppress) receive is in how to lie and get away with it. These “legal” lies can include telling a suspect that police have evidence they don’t have, or have obtained confessions they have not obtained, or even posing as a prisoner in a jail cell who is simply “shooting the breeze” with a fellow prisoner with the express purpose of obtaining evidence of a crime.
RUSSIA – Global leaders ought to overcome political dissent and close the ranks in fighting international terrorism as the challenge to mankind at large, the chief foreign spokesman of the Russian Orthodox Church told the media.
UK - Finance ministers from the world's leading economies are warning of a "shock" to the global economy if the UK leaves the EU. The ministers give their assessment in a statement released at the end of a two-day meeting of G20 nations in China. UK Chancellor George Osborne, who is at the event, told the BBC the issue was "deadly serious". The UK will vote on whether to leave or remain in the EU on 23 June.
EUROPE - Last week, British Prime Minister David Cameron negotiated a deal with his fellow Europeans that may save the European Union or — more likely — accelerate its demise. It was Cameron’s mission to extract more favorable terms for his country.
CZECH REPUBLIC - Fears of contagion as Serbia says Brexit fears mean the 'magic' has gone out of joining the European Union. The Czech Republic may choose to follow Britain out of the European Union, the country’s prime minister said, amid growing fears in Brussels of a “contagion”.
GERMANY - Gold is still expensive, but rising economic risks and market turmoil mean investors should buy it for insurance, Deutsche Bank said Friday. The recovery since the global and European financial crises had put the price of gold under some pressure. The yellow metal, which some analysts view as a safe haven or as a protection against rising inflation, typically underperforms during periods when the economy is growing or inflation is low. However, in a note issued Friday, the German Bank said economic signs are pointing in gold's favor. "There are rising stresses in the global financial system; in particular the rising risk of a US corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China's capital outflows," Deutsche Bank added. "Buying some gold as 'insurance' is warranted."
UK - David Cameron has been dealt a fresh blow as a former Tory leader said the EU renegotiation had "met with failure". Michael Howard, once a political mentor to the Prime Minister, says he believes Britain should vote to leave to "shake Europe's leaders out of their complacency". Lord Howard said Britain "would be sorely missed" if it quit the EU and suggested "there would be a significant chance that they would ask us to think again" if voters backed Brexit. "There is only one thing that just might shake Europe's leaders out of their complacency: the shock of a vote by the British people to leave."